A share price of Cg Oncology Inc [CGON] is currently trading at $35.77, up 2.94%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CGON shares have gain 6.87% over the last week, with a monthly amount glided 0.68%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Cg Oncology Inc [NASDAQ: CGON] stock has seen the most recent analyst activity on October 24, 2024, when UBS initiated its Buy rating and assigned the stock a price target of $60. Previously, RBC Capital Mkts started tracking the stock with Outperform rating on September 23, 2024, and set its price target to $66. On August 28, 2024, ROTH MKM initiated with a Buy rating and assigned a price target of $65 on the stock. BofA Securities started tracking the stock assigning a Buy rating and suggested a price target of $65 on June 28, 2024. Morgan Stanley initiated its recommendation with a Overweight and recommended $55 as its price target on February 20, 2024. Goldman started tracking with a Neutral rating for this stock on February 20, 2024, and assigned it a price target of $42. In a note dated February 20, 2024, Cantor Fitzgerald initiated an Overweight rating and provided a target price of $75 on this stock.
Cg Oncology Inc experienced fluctuations in its stock price throughout the past year between $25.77 and $50.23. Currently, Wall Street analysts expect the stock to reach $62.33 within the next 12 months. Cg Oncology Inc [NASDAQ: CGON] shares were valued at $35.77 at the most recent close of the market. An investor can expect a potential return of 74.25% based on the average CGON price forecast.
Analyzing the CGON fundamentals
Gross Profit Margin for this corporation currently stands at 0.98% with Operating Profit Margin at -139.69%, Pretax Profit Margin comes in at -105.78%, and Net Profit Margin reading is -105.78%. To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is -0.16 and Total Capital is -0.18.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 34.53 points at the first support level, and at 33.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.49, and for the 2nd resistance point, it is at 37.20.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cg Oncology Inc [NASDAQ:CGON] is 35.32. Also, the Quick Ratio is 35.32, while the Cash Ratio stands at 2.78. Considering the valuation of this stock, the price to sales ratio is 3625.33, the price to book ratio is 4.50.
Transactions by insiders
Recent insider trading involved Song Hong Fang, Director, that happened on Aug 29 ’24 when 0.65 million shares were sold. Director, Unique Diamond Investments Ltd completed a deal on Aug 29 ’24 to buy 0.42 million shares. Meanwhile, Director Charming Jade Ltd bought 0.23 million shares on Aug 29 ’24.
